3 years ago

How is socialism different from capitalism? Apex

1 answer:

4 0

Answer:

In socialism, the means of production is owned by the government. In capitalism the means of production are privately owned.

Explanation:

This means that under capitalism, apple can make iphones privately according to the demand for their product. Under socialism, the government would tell them what iphones to make, how many, and what they would get paid.

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